Distoken Acquisition Co. (NASDAQ:DISTW) Sees Large Growth in Short Interest

Distoken Acquisition Co. (NASDAQ:DISTW) was the target of a large growth in short interest in July. As of July 31st, there was short interest totalling 800 shares, a growth of 14.3% from the July 15th total of 700 shares. Based on an average daily volume of 10,400 shares, the days-to-cover ratio is presently 0.1 days.

Distoken Acquisition Price Performance

Shares of DISTW remained flat at $0.02 during trading hours on Friday. The company has a 50-day moving average price of $0.02 and a 200 day moving average price of $0.02. Distoken Acquisition has a 1-year low of $0.01 and a 1-year high of $0.06.

About Distoken Acquisition

Distoken Acquisition Corporation does not have significant operations. The company focus on effecting a merger, share exchange, asset acquisition, share purchase, recapitalization, reorganization or similar business combination with one or more businesses or entities. It intends to focus on businesses in the technology industry that operates in Asia.